Binance CEO Seeks Legal Action Against Senator Warren over Defamatory Claims

Binance CEO Changpeng Zhao (CZ) is preparing to file a defamation lawsuit against Senator Elizabeth Warren following her public assertion that he admitted guilt to money laundering charges. This follows Warren’s post linking CZ’s pardon by former President Trump to his crypto interests, leading to political backlash. Zhao clarifies that his conviction stemmed solely from regulatory failures, not criminal activity, and his legal team intends to demand a retraction. This clash highlights the growing tension between the cryptocurrency industry and US lawmakers, particularly in light of Warren’s consistent advocacy for stronger regulation.